53-40 198th St #2FAMFresh MeadowsNY11365
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fresh Meadows at 53-40 198th St #2FAM, Fresh Meadows, NY, 11365 listed at $1,758,000 pairs $5,040/mo rent with a $8,605/mo payment. Total monthly income runs $5,040/mo. Return on cash invested measures 6.25% in year one, and rental yield registers 3.44% at a $1,758,000 basis. Equity gained on principal adds $11,344/yr, and annual property appreciation at 5% supports $485,703 by year five. Five-year ROI tracks 30.17% and total cumulative return in cash totals $171,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,040/mo property income relative to a $8,605/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11365, Fresh Meadows, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,014 (100%) |
| Owner Occupied HU | 6,407 (40.0%) |
| Renter Occupied HU | 8,958 (55.9%) |
| Vacant Housing Units | 649 ( 4.1%) |
| Median Home Value | $911,484 |
| Average Home Value | $962,059 |
Housing Distribution
Address Breakdown
Residential
15,102
Single Family
7,926
Multi-Family
7,176
Businesses
560
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Listed by: Peter Nowik • Trademarko Realty Inc
Mls Name: StreetEasy
Mls ID: #S1767816